Restaurant/cafe for sale in Portsmouth, Hampshire PO6

£95,000
Restaurant/cafe for sale
Interested in this property? Call +44 1772 913303 * or Request Details

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Property features

  • Profitable Tea Room over two stories with elite waterside location within a holiday destination
  • Turnover in excess of £300,000 with substantial potential for growth
  • Well-established with 72 covers, have installed a commercial oven to open as a Bistro and extend opening hours, Class A3 Hot food licence
  • Immaculately presented and equipped throughout

Property description

Reference - 47749

Description
The business provides the perfect setting to enjoy the relaxed, holiday atmosphere of the south coast's premier waterside dining and leisure destination.

The immediate area boasts a range of top-quality restaurants and stylish bars - all with stunning views.

The business comprises of an immaculately presented 72 cover, tearoom/coffee bar on the first floor with an ice cream parlour and chocolate shop below.

The current turnover is £308,885 with substantial potential for growth by extending the opening hours to include evening trading.

There is no residential accommodation with the business.

Sales
Currently weekly shop sales average £5,904 approximately.

Trading Hours
Monday – Friday 10:00 – 17:00
Saturday 10:00 – 18:00
Sunday 10:00 – 17:00

Staff
Managed by the owners with 16 part time staff.

Building External
The building is an attractive two storey modern mall style building, with a covered walkway and paved area to the front with fantastic views. There is a free public car park nearby.

Tenure
We are advised that the landlord will issue a new lease to a new owner of the business.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

Summary
This is a fantastic opportunity to acquire a superbly presented and profitable tearoom/coffee bar, ice cream parlour and chocolate shop in an elite location.

The business is well-established and has substantial scope for growth by simply extending the open hours to include evening trading.

Must be seen to be fully appreciated, early viewing comes highly recommended.

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For more information about this property, please contact
Kings Business Transfer, PR2 on +44 1772 913303 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Kings Business Transfer, and do not constitute property particulars. Please contact Kings Business Transfer for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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